Madison times. (Tallulah, Madison Parish, La.) 1884-1???, 1887-06-11
ACT OF
INTERPRETATIONS,
'THNSAS And MADISON"
Telegraph Company.

United States of America, J
State OF Louisiana,
Parish of Tensas.
de IT KNOWN that on this OIL
- day of May, \. II. 1881, before III,
Joseph Curry, a Notary Public, IN an,
! for the Parish Of TCnSaS, STATE o
| Louisiana, duly commissioned ant
| qualified, and IN the presence of thu
! Witnesses hereinafter named and un
dersigned. personally came and appear
ed the several persons whose name
are hereuuto subscribed, who dee lareI
that svailing themselves Of the pre-
visions of the laws of this State. rela
tive 10 the organization of corporation
for works of public improvement anC
utility, they have contracted anc
agreed, and do by these presents cove
I nant and agree and bind and obligat,
themselves, as we'll as such persons Il,
| may hereinafter become associated
| with them to form and constitute .;
corporation" and body pubic i'll law
for the objects and under the agree
ments and stipulations following 10
wit:
ARTICLE FIRST.
The name and title of corporation
shall be, "Tensas and Madison Teie-
/ graph Company" and by that name
| said corporation shall have power an,
authority to have and enjoy succession
or the full term and period of ninety
nine years from and after the day and
| date hereof; to contract, sue and b,
sued, to make and use corporate seal
and the same to break or alter at pleas
ure, to hold, receive and lease, to pur
chase and convey, as well as mortgage
and hypOthecate under its corporal t
name, property, both real and personal
to name and appoint such managers
dJrec tors, officers and agents, rs thu
interests and convenience of sal Il cor
poration may require, and to make ano
establish such bylaws, rules and reg
ulations for the the proper Damage.
ment and regulation Of the said cor.
poration as may he necessary and
proper, ard the same to change anC
alter at pleasure.
ARTICLE SECOND.
The domiciie of said corporation
shall be in the Parish Of Madison in
the State ofLouisiana, and all citations
or other legal process, shall be served
upon the president of said corporation
or III case Of his absence upon the Vice
President or Secretary.
ARTICLE THIRD.
The purposes for which this cOrpOr-
alton is established, and the nature of
the business to be carried on by it, are
declared and specified to be the trans
mission of messages by telegraph
through the said Parishes from Tallu-
luh via Somerset, NcwClltun and St.
Joseph.
ARTICLE FOURTH.
The capital stock of said corporation
is hereby fixed at the sum of ($2, NU.O0)
Two Thousand Dollars-repr2sente
by so shares of $.J.0l each, which NAV
be increased ii necessary bv vote of the
Board of Directors and the times and
manner of the payment of said stock
are determined upon By the Board OF
Directors.
ARTICLE FIFTH.
The business and affairs Of said coy
pOration shall be under the supc,vis.
ion and management of u Board of ID.
rectOrs composed of Stockholders To be-
elected annually on the first Monday
i'll May of each year, said election shall
be by ballot and conducted at the office
of said corporation, and the directors
then elected, shall serve until theil
successors shall have been elected. \
majority of the votes east shall elect
and each share of stock shall be emit
tied to one vote, either in person or by
proxy.
Any vacancy occurring in said BOarC
| from any cause whatever, shall be filled
by election by the remaining directors
four directors shall constitute {
quorum for the transaction ofbusiness
and said Board Of Directors at thcii
first meeting i'll each year, shall elect
out of their own number Presi
dent, who shall be eX-Oflicio the Treas
urer, Vice President who shall be OK.
Oiliicio, the Secretary, and an attorney
for the company. The President anC
Vice President shall appoint from time
| to time, such officers, managers, oper.
atOrs, and other agents as may he
| deemed necessary for the business and
purposes Of said corporation, and dis.
miss the same at pleasure, and said
directors shall have full power and au-
| thority to make and establish as vel
as change or amend and alter all by
laws, rules and regulations for the sup.
port and management of the affairs
and business of said corporation.
ARTICLE SMITH.
Whenever this corporation is dis
solved either by limitation or from any
other cause, its affairs shall be liqul-
dated under the Superintendent oI
| three stockholders to be appointed fOl
that purpose at a general meeting o
| the Stockholders, convened after thirty
days prior notice, and with the assent
of the majority in amount of the capi.
tai stock, said cOmmission shall re.
main in office until the affairs of said
corporation shall have been fully liqui.
dated and in case of the death of one
or more Of said commissioners, the sur
vivOr or survivors shall continue t.
act.
ARTICLE SEVENTH.
This act of corporation may be
changed, modified or altered, or said
corporation may be dissolved with the
/ assent of majority i'll amount of the
! capital stock thereof, ut any general
meeting of the stockholders of said
corporation convened for such purposes
after thirty days previous notice OF
such meeting shall have been publish
/ ed IN one paper III each of said two
parishes.
/ ARTICLE EIGHTH.
! No stakeholder shall ever he held Ii.
able or responsible for the contracts or
faults or neglects of said corporation
IN any further sum than the unpaid
! balance due on the shares Of stock
owned by HIM.
! Nor shall any mere infOrmality in
organization have the effect of render.
ing the charter null, or of exposing q
stakeholder to any liability beyond the
amount of his stock.